Technical
Financial
Distress signals
Property profile

2300 State St Salem, OH 44460

OFF-MARKET
Parking lots & garages
Property ID
US66-1612426
7,766 SF 0.79 ac lot Built 1956
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Salem Plaza, located at 2300 E State Street in Salem, Ohio (zip code 44460), presents a unique opportunity for retail businesses seeking a prominent location in Mahoning County. This 10,000 square foot strip center offers a single, contiguous space for lease, perfect for a large-scale retailer or a business requiring significant square footage. The entire building is currently vacant, providing a blank canvas for a new tenant to customize the space to their exact specifications. The minimum leasable area is 9,000 square feet, ensuring ample room for operations and inventory. The property's prime location on East State Street offers high visibility and accessibility, making it an ideal spot to attract customers. With its substantial size and strategic location, Salem Plaza represents a compelling investment opportunity for businesses seeking to establish a strong presence in the Salem market. The property's latitude and longitude coordinates are 40.9013085 and -80.8285186 respectively. This is a rare chance to secure a significant retail space in a desirable Ohio location. The property is classified as a retail strip center with multiple tenancy potential.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1956
Total area 7,766 SF
Lot 0.79 ac (34,500 SF)
APN 51-00041-000
UPID US66-1612426

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • (Bike/Boat/Book/etc) Store Auto Parts Store
  • Business Service Center Corporate Office

Location

2300 State St Salem, OH 44460-2525
Salem metro Census 950600 SALEM, OH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2021
Last sale
$372,000
1 recorded transaction
2021
$372,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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